Gold Prices Steady, DAX Stock Index Stumbles on Ukraine Letdown

Gold prices steadied while Germany’s benchmark DAX stock fell as hopes for a breakthrough in negotiations between Russia and Ukraine appeared to sour.

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AUD/USD Unfazed on Downbeat Chinese PMI Data. Will the PBOC Respond?

The Australian Dollar was largely unfazed against the US Dollar after China reported a slowdown in its services and manufacturing sectors in March, according to PMI data. That may pressure the PBOC...

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Crude Oil Prices Sink as White House Weighs Plan to Release a Million Barrels Daily

WTI crude oil prices are sinking after reports crossed the wires that the White House is weighing a plan to release one million barrels of the commodity daily to help alleviate inflation.

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USD/JPY Pullback May Continue as Traders Eye Chinese PMI Data Amid Risk-Off Move

The Japanese Yen strengthened for a second day as Wall Street traders shifted out of equities as oil prices rose on a large US inventory draw. China PMI data is in focus and may influence market se...

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S&P 500, Nasdaq 100 Slip on Inflation Jitters as Geopolitical Risk Boosts Oil Prices

U.S. stocks fail to maintain momentum and take a turn to the downside as war worries drive oil prices higher, fueling concerns about cost-push inflation.

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USD/CAD Fails to Defend 2022 Opening Range Ahead of US PCE, NFP Reports

USD/CAD may depreciate over the remainder of the week as the exchange rate fails to defend the opening range for 2022.

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Euro Technical Analysis: Consistent Narrative Forming for EUR/GBP, EUR/JPY, EUR/USD

The major EUR-crosses are coalescing around a singular theme.

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Crude Oil Prices: EIA Data in Focus as WTI Trades at Steep Discount to Brent

Oil traders have EIA inventory data in focus as a steep price discount in WTI crude may drive US exports higher amid broader global economic factors.

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Australian Dollar Holds Gains Amid Budget, Ukraine War. Will RBA Push AUD/USD Higher?

The Australian Dollar has maintained a 2-month rally against a backdrop of Ukraine war uncertainty, a pre-election budget and possible RBA action.

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USD/JPY Rate Outlook Susceptible to RSI Sell Signal

A move below 70 in the Relative Strength Index (RSI) is likely to be accompanied by a near-term correction in USD/JPY as the oscillator offers a textbook sell signal.

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Bitcoin Eyes 50,000 in Asia-Pacific Trading as Key Moving Average Interrupts Rally

The Bitcoin rally stalled overnight at the 200-day Simple Moving Average despite a risk-on trading session in New York. The prevailing market sentiment may carry over into APAC trading amid a light...

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Nasdaq 100 Reclaims Key Moving Average, Russell 2000 Confirms Double Bottom Pattern

U.S. stocks rally on Tuesday on broad-based positive sentiment after Russia announces it will scale back some military activities to increase trust and give ongoing peace talks a chance of success.

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AUD/USD Rally Fails to Push RSI Into Overbought Zone

AUD/USD appears to be reversing ahead of the October high (0.7556) as the recent rally fails to push the Relative Strength Index (RSI) into overbought territory.

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USD Outlook: Rate Hikes Priced In | tastytrade clips

Chris and Victor breakdown how the Fed's hawkish sentiment might be a bluff to avoid high-interest rates.

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How Central Banks Impact the Forex Market

Discover how policies and interest rate hikes of central banks impact forex and trading decisions.

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British Pound Holds Ground After BoE Recalibrates Amid War Uncertainties. Will GBP/USD Go Lower?

The British Pound has found some footing after sliding on BoE stepping back from overly hawkish rhetoric. Will the downtrend resume for GBP/USD?

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Crude Oil Prices May Bounce Back After Initial China Lockdown Shock

Oil prices fell overnight as China’s lockdown of Shanghai commenced. However, the pullback may be as temporary as the lockdown as global supply remains constrained amid Russian sanctions.

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Japanese Yen Melts as the BoJ’s Yield Curve Control Program is Under Threat. Can USD/JPY Momentum Last?

The Japanese Yen has weakened dramatically as the Bank of Japan is forced to re-iterate support for their bond buying. How low can Yen go?

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USD/CAD Rate Reverses Ahead of January Low to Defend 2022 Opening Range

USD/CAD appears to be defending the opening range for 2022 as the exchange rate reverses ahead of the January low (1.2450).

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NZD/USD Falls as China Lockdowns Take Toll on APAC Region Ahead of Aussie Retail Sales

The New Zealand Dollar fell versus the US Dollar overnight as Covid lockdowns in China dampened sentiment in the APAC region. Traders are watching Australian retail sales due out this morning.

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